Inflation Jitters Remain Despite Adviser's Reassurances on Underlying Trends
-
Inflation remains a concern after January CPI and PPI data came in higher than expected, sparking worries of persistent inflation and higher interest rates.
-
White House economic adviser Jared Bernstein believes underlying disinflation trends remain intact despite monthly volatility.
-
Markets may be disconnected from economic fundamentals and are often moved more by perceptions of other investors than real economy.
-
Household debt balances have climbed off pandemic lows but debt service ratios remain below pre-COVID levels.
-
Israel’s Q4 GDP plunged 19.4% annually amid sharp drops in consumption, investment and exports due to conflict with Hamas.